Home Prices in 20 U.S. Cities Decline 4 Percent

Feb. 28, 2012

Feb. 28 (Bloomberg) -- Home prices in 20 U.S. cities dropped more than forecast in December to the lowest level since the housing crisis began in mid-2006, indicating foreclosures are hampering the industry's recovery.
The S&amp;P/Case-Shiller index of property values in 20 cities fell 4 percent from a year earlier, after decreasing 3.9 percent in November, a report from the group showed today in New York. Betty Liu reports on Bloomberg Television's &quot;In the Loop.&quot; (Source: Bloomberg)